Happy 75th Anniversary
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Author Topic: Happy 75th Anniversary  (Read 1054 times)
True Federalist (진정한 연방 주의자)
Ernest
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« on: June 16, 2005, 11:06:26 PM »
Today, June 17, marks the 75th Anniversary of Herbert Hoover's worst mistake, the signing of the Smoot-Hawley Tariff Act.  This act was a major factor in making an ordinary recession into The Great Depression as it and the retaliatory tariffs enacted by other countries in response to it served to sharply curtail international trade.
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A18
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« Reply #1 on: June 16, 2005, 11:14:35 PM »
That wasn't a very big factor compared to the tax hike and the mistaken monetary policy of the Federal Reserve.
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TheWildCard
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« Reply #2 on: June 17, 2005, 12:00:34 AM »
Biggest mistake? The Bonus Day March disaster was his biggest mistake.
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minionofmidas
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« Reply #3 on: June 17, 2005, 03:33:27 AM »
Political...Ernest was speaking of the actual state of the Economy.
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PBrunsel
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« Reply #4 on: June 17, 2005, 01:54:40 PM »
Terrible decision on the part of Hoover. Even I will admit that.
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PBrunsel
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« Reply #5 on: June 17, 2005, 08:24:27 PM »
Quote from: NewFederalist on June 17, 2005, 08:23:39 PM
Quote from: Senator PBrunsel on June 17, 2005, 01:54:40 PM
Terrible decision on the part of Hoover. Even I will admit that.

No...No!... NOO!!! Say it ain't so, PBrunsel!

It was a bad decison, but one of the few Hoover made. Wink
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PBrunsel
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« Reply #6 on: June 17, 2005, 08:26:50 PM »
Quote from: NewFederalist on June 17, 2005, 08:25:59 PM
Quote from: Senator PBrunsel on June 17, 2005, 08:24:27 PM
Quote from: NewFederalist on June 17, 2005, 08:23:39 PM
Quote from: Senator PBrunsel on June 17, 2005, 01:54:40 PM
Terrible decision on the part of Hoover. Even I will admit that.

No...No!... NOO!!! Say it ain't so, PBrunsel!

It was a bad decison, but one of the few Hoover made. Wink

Other than running for re-election!

LOL! Cheesy
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??????????
StatesRights
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« Reply #7 on: June 18, 2005, 05:16:41 PM »
Quote from: Justice Ernest on June 16, 2005, 11:06:26 PM
Today, June 17, marks the 75th Anniversary of Herbert Hoover's worst mistake, the signing of the Smoot-Hawley Tariff Act.  This act was a major factor in making an ordinary recession into The Great Depression as it and the retaliatory tariffs enacted by other countries in response to it served to sharply curtail international trade.

Then we can talk about the proud legacy of FDR continuing the Depression instead of actually doing anything to fix it.
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